Series F Convertible Preferred Stock offering
Company: Applied Digital
What the later record shows
Not a promise: a reported event · happened August 30, 2024
The claim, made on 2024-09-10, reports a closing that had already happened on August 30, 2024. The 53,191-share issuance is confirmed later.
“On August 29, 2024, we entered into the Series F Purchase Agreement with YA Fund for the issuance and sale of 53,191 shares of Series F Preferred Stock”
2024-11-21 · Applied Digital S-1/A filed 2024-11-22 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Series F Preferred Stock offering closed August 30, 2024 for net proceeds of $50 million; 53,191 shares issued with 8.0% annual dividend rate
Source (primary)
Applied Digital 424B3 filed 2024-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On August 29, 2024, the Company entered into a securities purchase agreement... for the private placement... of 53,191 shares of Series F Convertible Preferred Stock... The transaction closed on August 30, 2024, for total net proceeds to the Company of $50.0 million. Each outstanding share of Series F Preferred Stock is entitled to receive... cumulative dividends... at an annual rate of 8.0% of $1,000.00 per share”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The prospectus states the closing date, $50.0 million net proceeds, 53,191 shares, and 8.0% annual dividend rate.
Confirmed in the source:
- The Series F Preferred Stock offering closed on August 30, 2024
- The offering produced total net proceeds of $50.0 million
- The private placement covered 53,191 shares of Series F Convertible Preferred Stock
- The Series F Preferred Stock carries cumulative dividends at an annual rate of 8.0% of the $1,000 stated value
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000238/apld-prospectusyorkvillepo.htm) in full (84,274 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B3 filed 2024-09-11
Quote: “On August 29, 2024, the Company entered into a securities purchase agreement... for the private placement... of 53,191 shares of Series F Convertible Preferred Stock... The transaction closed on August 30, 2024, for total net proceeds to the Company of $50.0 million. Each outstanding share of Series F Preferred Stock is entitled to receive... cumulative dividends... at an annual rate of 8.0% of $1,000.00 per share”
confirms Applied Digital S-1 filed 2024-09-11
Quote: “On August 29, 2024, the Company entered into a securities purchase agreement (the "Series F Purchase Agreement") with YA Fund for the private placement (the "Series F Offering") of 53,191 shares of Series F Convertible Preferred Stock of the Company, par value $0.001 per share (the "Series F Preferred Stock")... The transaction closed on August 30, 2024, for total net proceeds to the Company of $50.0 million.”